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20130113
20130121
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CNBC 36
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Search Results 0 to 35 of about 36 (some duplicates have been removed)
CNBC
Jan 15, 2013 7:00pm EST
should he become defense secretary. how can you trust this guy haegle? >> you cannot. he represents the obama administration's foreign policy. he is handing off the cut backs to a former member of the military. i do not expect him to be part of the foreign policy. it will be closely held as it was in the first administration. he is a big defense cutter. maybe that is ironic he is a dedicated vietnam vet. it is going to slash the defense department more. >> the question is whether you are going to trim the budget with an axe of scalpel. chuck haeg eext lel can't get i. it takes decades. >> he was opposed to it. >> that may be one reason why he stepped down. i'm told that there is no sorrow. this is frying pan an fire. i know that chuck haegel a month into this process is likely to be the secretary of defense and the defense department is adjusting accordingly. what did all of this say of chuck schumer. he is such a prominent sjewish leader? how can he flip-flop like this? >> the senators are to judge chuck haegel on his record. it throws the whole process. it does. and i wonder wheth
CNBC
Jan 18, 2013 7:00pm EST
comes up in a couple months, when that sequester fight comes up and defense cuts in a couple months, house republicans will push for the spending cuts but they don't want to lose the pr bat toll a president who's very adept at pointing his finger at republicans and saying they want to cause default. >> okay. i think they're losing the pr battle anyway. >> perhaps they are. >> i mean, i don't know. i know obama's very fassel, but i also know democrats will never cut spending in my lifetime. robert costa, welcome back from the wilds of williamsburg. now, i want to turn to my panel and say i don't really think the gop got the job done in williamsburg. that's just my view. here's cnbc contributor keith boykin. he's a former clinton white house aide. we have mark simone, w.o.r. radio talk show host, and matt welch, reason magazine editor in chief. mark simone, do you think the republicans are burning up the track here? what is their message? >> they have no message. now, let me correct one thing you said. the democrats will never cut spending. wait till hagel gets in place there at the d
CNBC
Jan 18, 2013 12:00pm EST
to do. get rid of your defensive holdings. time to play offense and put on risk. to me i like verizon, like the story, expect a good quarter but that is not where you're going to make money. >> now is the time for beta. >> big beta big boy. >> all right. a different restaurant. >> all right. portions are much different. >> yeah. >> you have your eye on nsc why? >> i think what you are really finding out here is, is the china story really playing out from our aspect? are we seeing the shipments going across when you talk about coal obviously very heavily weighted toward what they're really moving right now but also merchandise for nsc. i think those will really give us a great temperature or barometer of what is going on in the market. >> our next guest says three factors could trigger a pullback for stocks and his track record on the show suggests you should listen up. mike santoli of yahoo finance has made several winning calls of late and joins us now. mike welcome back. what are the three factors we should be looking for? my guys on the desk are mostly bullish. >> look. i wouldn't
CNBC
Jan 15, 2013 4:00pm EST
and inflation all over the place. this year it's with cyclical growth, not defensive growth. not just getting paid to wait but it's cyclical growth right now. >> thank you, guys. >> good to see you. >> terry, welcome back. good to see you. >> the dow going out near the highs of the day, but, again, it's not setting the world on fire but some of the other averages are doing very well and it's just a day when apple is going to close below $500 a share for the first time in almost a year. the dow up 27 points. that's the first hour of the closing bell. here's the second hour now with maria. i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the dow jones industrial average closing higher today for a fifth session in a row. take a look at how we're settling out on the street tonight and the market does close at the highs of the afternoon and the dow is down 61 points earlier today. at the close, up 27 points. about a quarter of a percent higher at 13,534. nas
CNBC
Jan 17, 2013 5:00pm EST
parts. and the defense sector that we talked about months prior as everybody was worried that this fiscal cliff, which we are currently through would -- >> we have the debt ceiling. >> we'll talk about that later. look at lockheed martin today. there are those plays, as well. >> this is going to be a choppy couple of weeks. i don't think it's going to run away here, but it's very defensive. another name to look at, though, embraer, this is brazil's boeing, and these guys are getting very, very busy in the defense space in brazil, in late tip america. they are trying for contracts here, at 12 times next year's earnings, this is a very cheap stock. one of the best companies in the world. take a look at that. >> we are seeing a decline by about 4% in the afterhours session after its earnings report. jon fortt is on the conference call which just got under way. let's get the details from him. jon? >> yeah, melissa. they are talking right now about their process leadership, how they're able to make ships more efficiently than others. but taking a look at the numbers they repor
CNBC
Jan 14, 2013 9:00am EST
% defense against the flu, this really raises your chances of not getting it. and if you do receive it, and you do actually get the flu, there's a good chance that the flu that you get, the symptoms are going to be much less. you'll be sick for fewer days and your fever will be -- your symptoms -- you'll feel much better. and it will not be anywhere near as severe as if you had not received the vaccine. >> right. so let me ask you, as somebody who has not gotten a flu shot because i have not yet. if i wait for new stocks to come in, are those vaccines better suited to the flu? do they then become more effective as the flu season goes on? >> no. the vaccine is the same vaccine that's being produced by the pharmaceutical companies. usually the world health organization will try to predict which strains are going to be the predominant strains. about a year in advance. and then it takes the pharmaceutical companies about -- probably about six months to produce the vaccine. once it's in production, it's not being modified until the subsequent flu season. >> the same vaccine you could have g
CNBC
Jan 14, 2013 12:00pm EST
to defense spending. some of the same folks who say we got to cut spending or complain that government jobs don't do anything when it comes to that defense contractor in their district, they think, wow, this is a pretty important part of the economy in my district. and we shouldn't stop spending on that. let's just make sure we're not spending on those other folks. [ inaudible ] >> look, my hope is that common sense prevails. that's always my -- my preference. and i think that would be the preference of the american people and that's what would be good for the economy. so let me just repeat. if the issue is deficit reduction, getting our deficits sustainable, over time, getting our debt in a sustainable place, then, democrats and republicans in congress will have a partner with me. we can achieve that, and we can achieve it fairly quickly. i mean we know what the numbers are. we know what needs to be done. we know what a balanced approach would take and we've already done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably been mo
CNBC
Jan 16, 2013 5:00pm EST
on but with caution. i would go for -- i would go for more defensive stocks, utilities, dividend payers, consumer staples, things like that. we also like natural gas, north american energy. there are other special things, we're short the yen. but it changes dramatically. >> right. >> if and when you get the shock and you move to risk off, because when you don't want to own equities. >> no surprise, all the sectors you mentioned so far are very defensive. but at the same time, you see opportunity in small luxury names. why is that? >> yeah, that's the kind of thing that people even when they're stressed, they want to buy, whether it's a fancy bottle of booze , imported beer, something in a small box, maybe it's only cuff links, but it's in the blue box -- >> and that's just the desk right here, gary. >> blue box? >> you look for example at used merchandise stores, their stocks, they are growing in double digits. there's a lot of things that suggest that maybe three-quarters of the country still thinks we're in recession, and they are. real wages are declining, real per capita gdp is declining and
CNBC
Jan 16, 2013 7:00pm EST
talk about the statistics of firearms used in self-defense and those statistics actually can be quite compelling. >> lars, i just want to say to you. we may disagree on this we may not. as crazy as it may be, to me so much of this is about individual behavior. and they've taken the faith and they've taken the prayers out of our school system for many, many years. so much of this, lars, is about the impact on the kids of family breakup and no one wants to talk about family breakup. ben, i think -- >> can we talk about health care? >> you know family breakup, you month the faith, you know all this stuff play as role in this. you know this. >> that's where we need school counselors. we should have one counselor for every 250 kids. in this country it's now one in 500. part of what we saw in this it will make it easier for schools to get those counselors, easier for schools to get psychologists. what we know those types of be folks help us create the sort of bonded close knit school community that makes it possible. >> baloney. come on. larry, this is crazy. larry, do you think a cool coun
CNBC
Jan 18, 2013 3:00pm EST
of the things we're keeping an eye on is some of the defense stocks. right under the shadow because of the possible quester. they are getting cheap and they have possible cash flows. >> glad you mentioned earnings. >> so far it's been somewhat mixed. i mean the banking sector is turning out some good numbers. >> yeah. >> where do you expect we might see the surprises on the upside in terms of the fourth quarter? >> in terms of sectors? >> yeah. financials have obviously done well, and that's somewhat cyclical. what i expect to do well are the consumer staples. they have been chugging along, but i think some of their expenses and costs were pretty moderate in the fourth quarter, and i think with the -- with the change in the taxes that came through in january, usually better for staples than consumer discretionaries so hopefully we'll get good numbers from there. >> where would you be investing, peter sorrentino? you said you like the early cyclicals? what does that mean? who do you like here? >> well, really it's a wide brush right now. we like refiners, the volero of the world. mar
CNBC
Jan 18, 2013 11:00pm EST
a lower 18% growth rate. in defense of starbucks, they have a better brand not to mention, indeed, better coffee. you've got two ways to win, it could rally up to $14, i think that could be a conservative number or the stock could go to $16.24, i know, pretty precise, on a potential takeover bid. they seem to be addicted to coffee-related acquisitions as i'm addicted to coffee itself. it is at a 52-week high. and i'm willing to endorse buying the stock on a pullback. wait for some market -- believe me, it does happen, knock the stock down and then make your move. here's the bottom line, krispy kreme as this donutamid clearly shows is back. and it's giving you two ways to win. either the company gets taken ore or stays independent and grows like a weed. the only thing that gives me pause is the gigantic move in the share price. i'm begging, be patient, wait for a pullback and please use limit orders if you're going to buy kkd. let's go to bob in my home state of new jersey. bob? >> caller: boo-yah to ya, jim. >> how do you like that burger? cheese on it, onion, pickle, lettuce, that's from
CNBC
Jan 18, 2013 9:00am EST
to address the fact that they really are a good company. i hate the defensiveness. this is my theory on what's happened to intel. they have adopted a customer is always right attitude, but it turns out the customer was wrong. they had the wrong form factor, the wrong device. there was a moment in the call where it took my breath away, where paul said, they're talking about the fablet. this is a great american company. i'm like, you know, i actually said, i feel bad. >> they might have the wrong customers. if they have pc makers -- >> i know apple -- i did think this call was -- it was -- i mean, it's literally, are you guys getting any bang for your $10 million in research and development in 2012? they got the israel one going 24 hours. >> and chipotle. >> i shop and i go to factories. >> i have to tell you, this was an intel that was -- we're not as bad as you think. we're not as bad -- no, guys, have some pride. you're great. >> it seems at this point, jim t is a show-me stock. >> oh, is it ever. >> was there any mention of who might replace ottolini? did you see that in the transcript of
CNBC
Jan 18, 2013 5:00pm EST
. >> the other thing about the particular defense sector, in today's session, this is a sector people want to own in 2030 despite the looming fear of a sequester. >> no doubt about it. that is one of the issues and the market seem s kplasant abou it. the one thing i would say about boeing, if they did see dreamliner cuts -- as far as what their expectations -- earnings are expected to grow 4% in 2013 and expected to grow 20% in 2014. that's something that if you just look at this thing as a single digit grower for next few years, you probably won't pay the multiple you are now for it. >> if you want updates, be sure to follow us on twitter at cnbcoptions. if you're on facebook, stay posted on the transfer throughout the week facebook.com/optionsactions. up next the final call. >> what's your best option? following us on twitter, trade updates and breaking news and analysis. see what we see in real time. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily
CNBC
Jan 14, 2013 4:00pm EST
in reducing spending other than in the area of defense and maybe means testing for entitlements. so, chances for meaningful reduction in the growth of entitlements on the part of the republicans is almost nil. >> well, i mean, what -- what could the republicans have done? the senate didn't approve their own plan until, what, midnight on new year's day and it -- they will say, the republicans will say they were up against the wall and didn't want the country to go over the fiscal cliff. should we have gone over the fiscal cliff, since that was the reality, if, in fact, they would have pushed for spending cuts? >> maria, i'm not about to second guess them. these are very smart people -- >> well, you are second guessing them. this is what this interview is about. >> i just like to state where i believe where we are and what's going to happen. >> okay, what do you think happens? >> so, i think that the -- as a result of the tax increases, we are going to collect substantially less revenues than we thought we would. and that is because the federal and local tax rates, marginal tax rates combined
CNBC
Jan 16, 2013 6:00pm EST
offering plans to cut medicare, social security, defense, oh, please. i'll believe it as i see it, even though i think it's important that it be done. both parties guilty of too much spending. the democrats witt vitriolic, t to make money to pay for it. and enough politics. the american investor figures out we're pretty long through the united states of three-ring circuses. the most important spur for investment is confidence. three issues that held up business formation and stock investing for a long time. put a drag on it. uncertainty of the presidential election, uncertainty of the fiscal cliff and the sequester debt ceiling argument. two big bad events, only one more station on the gauntlet. it simply isn't as scary or meaningful as when it comes to the stock market or new business formation. sorry, it won't sell as many parents, and it just won't. smart investors are making a bet they can't wait for the third of the three washington incursions to be finished. once a big bad event is passed, the rick of responding floods in. now we're about to finish the third leg of the political s
CNBC
Jan 17, 2013 1:00pm EST
spending as well as the defense department. each of them, they affect 8 to 10% reduction in expenditures. that's really painful to the gop but it's also very painful to the democrats, and i think that the threat of the sequester can get both parties to do what they need to do. that is, they need to sit in the room together and they need to hammer things out. instead of us lurching from one short-term solution to the next, hopefully they can do something that can last more than three or six months. it will be good for everyone. it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit. everybody likes to see the whole shebang. >> i like the outfits. >>> lance armstrong revealing all o
CNBC
Jan 14, 2013 7:00pm EST
that the politicians are going after, the semiautomatics are the most popular guns bought for self-defense. we need to look at whether these measures are actually going to have an impact or not and a lot of them are just political and are not going to keep our children safer. >> robert costa, we heard from senator joe manchin over the weekend and others. they want a broad base. they said you're not going to get a semiautomatic ban unless you have bettered attention to mental illness and obama today said that the gun lobby people were ginning up fear among americans who otherwise want reform. where is this thing going to play out? >> larry, i just walked over here in the u.s. capitol. the house is now back in session. i spoke with some lawmakers. especially among republican legislator, there's not a clamor to move towards an assault weapon ban, but there's a real discussion about background checks, about limiting the amount of bullets that could be in a magazine. and these are only preliminary discussions. so what president obama did today by talking about an executive order, he is trying to urge th
CNBC
Jan 15, 2013 3:00pm EST
bank in the world reflating so you're very bull strategic defense initiative. >> very bullish. >> i guess the question is are you able to buy into that market at much lower houses? how substantial could a decline be on the so-called bumps in the road? there's some precedent for that. not the first time we've been through it. we've been back through it in 2011 and there's a significant pullback. there's a bit of a been there, done that and we haven't seen the kind of volatility we've seen and in the difference of backdrop the republicans sort of have their backs against the wall. they were forced to concede on taxes during the cliff debate, and now i think this is their chance to get concession on spending, and i think they are going to do that. this is going to go to the wall and that will create volatility. >> the president has been very clear. he's not going to negotiate on the debt ceiling. >> that's how politicians talk. at the end of the day negotiations will have to happen. >> he has to? >> you're not al lone in being wildly bullish right now and i think -- i know that's affec
CNBC
Jan 15, 2013 5:00pm EST
defense unless ackman has a catalyst that is not himself. >> well, but to your point, karen, you are saying the short squeeze, it could theoretically continue as the shorts get out, there could be more in but if you take the shares off the market -- >> out of circulation. >> it becomes smaller and the squeeze becomes more painful. >> and guy being as old school that he is -- >> that's my thing. >> i am old school. if you think this hasn't happened, it happened before. in the early 2000s, irvin jacobs, probably been on the network from time to time and carl icahn, who is a regular on the network, butted heads where jacobs actually took out an article empl'e imploring people short sales. and it went from $4, rallied to $18. he wound up being right and then carl wound up winning in tend. >> happens a lot. >> always useful. >>> all right, coming up next, why america's shopping malls could be a dying breed. we go dead mall walking with one of the industry's most vocal skrit ickes. >>> first, surf's up. two areas you may want to bail out on. stay tuned. with the spark cash card from ca
CNBC
Jan 16, 2013 3:00pm EST
and the nigerian state oil company. u.s. defense secretary leon panetta while speaking to reporters in italy called this a terrorist attack so the u.s. will take, quote, all necessary and proper steps. we are showing you the actual facility in algeria. the google map, google earth. a group affiliated for al qaeda has claimed responsibility for the attacks, in retaliation for france's military intervention into the country of mali which borders algieria. france began that intervention last week to try to combat islamic militants that work in that country. the hostages include not only americans but french, british, norwegian, japanese and an irish citizen as well. and according to information about algeria on bp's website, algeria supplies 30% of europe's natural gas. bill, back to you. >> thank you very much, michelle. more as that story continues to unfold. meantime, headed towards the close. 50 minutes left. the dow down 20 points. virtually all of that attributable to the decline in boeing today f.boeing weren't down as much as it is, the dow would be unchanged right now. >> pretty extraordinary
CNBC
Jan 17, 2013 3:00pm EST
continue to invest in those companies with solid balance sheets. i continue to play defense. i listen to rick and mike and josh, and what i'm also hearing out of michael santoli and rick santelli, kind of a test, same day, come on, guys. when i listen to them both i'm hearing that bullish markets, bull market psychology. there's a certain complacency that comes along with a bull market where people begin to discount bad news. you throw bad news up and they say don't worry about that. look at the good points. the reverse happens in a bear market where we embrace the bad news and know there's never a ray of sunshine ever. we're in that discounting phase, and it feels complacent. it's a time to be cautious, so i think balance sheets matter. >> right. >> income matters and earnings really matter. >> very good. >> if you look at -- if you look at that philly fed this morning a great example. the market looked at that and said whatever. >> exactly. >> small caps and mid-caps didn't dip on the news. >> ignoring the bad news and going for the good news. >> real quickly, guys. on the philly fe
CNBC
Jan 18, 2013 1:00pm EST
preplanned. >>> and u.s. defense secretary leon panetta is vowing to pursuit hostage takers saying the terrorist should be on notice that they will find no sanctuary, not in algeria, not in north africa, not anywhere. back to you. >> jackie, thank you very much. any time there is an attack like this, it grabs the attention of new york energy traders. sharon, what are they saying? >> it certainly has. even though this occurred in the gas facility, it is the oil markets that are most concerned here about the heightened geo-political risk any time an attack happens on an energy facility. of course algeria is an opec member and produces just under 2 million barrels per day of crude oil. this pales to a country like saudi arabia but heightens the risk premium that is of course in that part of the world, in north africa and middle east. also you add to that what happened yesterday. nuclear inspectors and officials, talks between them breaking down, failing to come to an agreement, diplomatic effort in terms of iran's nuclear capabilities. that is heightening the geo risk in this marketpl
CNBC
Jan 16, 2013 4:00am EST
over demand concerns on the iphone 5. the australian market bucked the down trend with the defense of telecos and health care stocks lending support. the sensex in action trading down by .5%. back to you. >> all right. thanks for that. we'll take a break. >>> still will to come, hong kong selling out new plans to show up housing woes. >>> okay, let's bring you up to speed with stories. hong kong's chief executive has delivered his first policy speech outlining measures to cool property prices, reduce pollution, and improve welfare. he said it's necessary to curb speculative activities in the real estate sector given the persistent housing shortage. he said more land would be allowed for development and that 67,000 private units are slated to come on to the market in the next three to four years. joining us from hong kong, andrew yun g, chairman of international consultants. what's your assessment of the problem with chinese property? and how -- are they right to try these measures? >> i think that hong kong is now in the depth of a lot of contradictions, that being from premier wen
CNBC
Jan 17, 2013 9:00am EST
defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, forget it. >>> tim geithner celebrating last night. >> still on a budget. >> so no alcohol served, we know that much, but at least hopefully geithner got some cake. what message should have been written on his farewell cake? tweet us. we have a new handle, we've got your responses throughout the morning. we'll share your responses. >> how about thank you for saves the american banking some system? >> some people like that. >> i think tim geithner did a fabulous job, wish him very well. in the meantime, a big reason why you should prepare more for the salad. the cold hard facts later in the show, but first. >>> coming up, not exactly ocd behavior, but certainly something requires -- and nobody does it like jim cramer. six stocks in 6 on seconds, when "squawk on the street" returns. >>> the s.e.c. issue, give me a break. it looks -- don't sell it for that. >> jeffries leapwire hold or sell? >> i was talking to david fablers, always breaking stories about this group. i don't think -- >> merrill columbia sports? >>
CNBC
Jan 14, 2013 4:00am EST
, followed by aerospace and defense. companies like boeing, lockheed martin, call back in the third quarter, they came out with earnings for the fourth quarter saying they expected the end of the year to be rather slow. that's not so much of a surprise there. >> yeah. we just heard from daniel morris that he quite liked consumer discretionary. what do you think they're going to post? >> about 11.6%. i would getaway with what your last two guests said. although we have mixed data over the holiday season with mastercard coming out, calling it the weakest season since 2008. however, we ever strong same-store sales. tomorrow, we'll see how the holiday season fared when we get retail sales figures. but so far, analysts expect it to be the strongest sector. but, really, we're seeing the strength in house hold billables. that strength is expected to be up about 50% based on strength within the home builders. we're looking at companies like pulte group and lennar expecting triple digit year on year growth base odd a return in the housing sector. >> christine, good to see you. thanks for joining us.
CNBC
Jan 15, 2013 4:00am EST
-- the same level of income. but i think that is clearly an alternative. it will start with the defensive sectors and gradually move on to the more -- let's say exotic sectors and the more volatile sectors. >> i just wonder, you know, from jpmorgan yesterday, which is actually aggressively underweight u.s. relative to japan as well as emerging asian markets. and it says the u.s. has been underperforming since last summer. with the debt ceiling looming, now, in fact, is the time to pair positions. so even if you like equities maybe longer term, you know, are there not reasons here to be a little bit more cautious? >> well, there is. i think contrary to 2012, which was really a year of buy and hold and it performed well in all asset classes, volatility on the fixed income, for example, was at historic lows, i think this year is definitely going to be different. and it will lead to have a very dynamic strategy. at this stage, we have 30% equity and it will go up gradually according to the economic cycle. one should not forget -- and i think that's the big mistake that the analyst made in the
CNBC
Jan 14, 2013 6:00am EST
that for ten years? >> and then i think new england's defense trying to stop the 49ers makes me think, i hate to say that with respect to bob craft but that was a great ending for seattle. wasn't it? because you got to see russell millsen and he did not -- he did everything that was ek expected of him except he left 30 -- they got in the end zone too quickly. they left 31 seconds -- >> yeah. i mean -- i went out to walk the dog, no, no, so i got the field goal and it was 33 and i was like, 30 seconds. >> game's over. >> and i just did a refresh on the blackberry, and they have the result. and i'm like -- different thankfully. it was unbelievable. >> the return on the kickoff he got to about the 40. it was like oh, my god. possible. and then you saw pete carroll call a time-out. >> i don't know what to do with that. >> are you a giant fan? >> no, i'm a -- my loyalty -- >> no my loyalty falls with the jets because -- >> my loyalty falls with the jets. >> when can we start talking about basketball? >> almost not too soon. >> he's already ready for march madness. >> two undefeated teams went down
CNBC
Jan 15, 2013 6:00am EST
.2 trillion. i'm certainly not. and those of us who are concerned on the across-the-board defense cuts i hope for the most part are saying we have to make these cuts. the question is how we allocate those cuts. we can't back off that, becky. that would be unbelievable that, you know, we're now negotiating on something we agreed to two years ago at a time when the debt was a couple trillion dollars less. we've got to be sure we're making progress moving forward. this debt limit discussion is an opportunity to do that. we don't have to make these cuts in the way the president talked about it at his press conference. i thought it was incredibly irresponsible to say republicans are talking about slashing spending. they wanted to gut medicare and medicaid. that's not the point here. it's being sure these programs are saved and preserved for future generations and everyone, including the president, we talked about this in the past, understands the need to do that. >> you forgot about cutting off people with disabilities, and autistic children and a lot of -- you forgot about a lot of things that yo
CNBC
Jan 17, 2013 6:00am EST
? the government can pay just the interest, social security and defense spending meaning military salaries. markets, of course, democrats say they're going to demand higher wage because of this. republicans will suggesting they'll overlook this gridlock. finally on the economy, a lot of folks saying it would cause a depression. republicans say, there are temporary effects here. now, okay, so let's do this. could you, if you were treasury secretary, so you make spending equal cash flow? get ready to play folks? the debt ceiling game, calling this the home edition, here are different items in the government, in the federal government budget, what you've got to do is check a box, fund it or don't fund it. now we've rigged this now so we've worked on tv. we're going to fund all these things. and what we're going to do is we're going to make our spending equal the cash flow of 277 billion dollars so we're going to pay the interest, we're going to pay medicare, medicaid, social security, military pay, retirement, veterans benefits and defense vendor payments, federal salaries. okay got it. 275. we fund t
CNBC
Jan 16, 2013 6:00am EST
, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> goldman sachs report iing fourth quarter earnings much higher than expected. wow, it was a really big beat. we have an earnings guru here. he asks the question, why isn't the stock even higher this morning? roger, what's your take? >> the beat was two things. one a much lower comp ratio. the way that works, tends to get chewed up in the fourth quarter. an out sized beat and the other longer lending, investments and private equity got marked up a fair amount. i think people were expecting that to be a source of upside. the real beat was in compensation. given it's so weighted to the fourth quarter, the beat isn't as big as it looks. the full year ratio for compensation came out to 34%, it was 32% last year. to the extent there's a longer term lower accrual level to be factored in here, earnings are biased up. >> was that politically driven, do you think? >> i think it's a function of a lot of things. i think that -- i think market conditions are
CNBC
Jan 15, 2013 9:00am EST
attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >>> the top spot at sirius satellite radio in 2004, left the company about a month ago. during his time as ceo, the subscribers jumped to 23 million. and avoided a very close call with bankruptcy in 2009, when john malone's liberty media injected $530 million in return for 40% stake. that stake now just under 50%. one key reason mr. karmazin stepped down. we're joined by mel karmazin, first interview sin
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